Update on Veronica AlexandraVerónica, 31, is a hardworking woman who started her business ten years ago with a family loan. With this small capital she was able to open a small store that has been gradually growing. She starts work at 6am and finishes at 8pm. Her husband helps her in the store. Her difficulty is crime. Two weeks ago a delivery truck bringing merchandise to her store was held up. She’s asking for this loan to invest in the business and increase the products she sells there like notebooks, pencils, erasers, etc. Her dream is to finish building her house and that her children are able to finish their schooling.
El negocio inicia a las 6 am y termina a las 8 pm. Su esposo la ayuda en el negocio.
Su dificultad es la delincuencia. Hace dos semanas asaltaron a un carro repartidor de productos que le entregaban a su negocio.
Solicita este préstamo para invertir en su negocio e incrementar los productos que se vende en su negocio como: cuaderno, lápiz, borradores, etc.
Su sueño es terminar de construir su vivienda y que sus hijos puedan terminar sus carreras escolares.
Previous Loan DetailsVerónica, 30, because of the little income she had for her family, sold a piece of property years ago that she had in Suburbio to set up a small stationery shop in the front part of her house. Living in a periurban zone characterized by its unpaved streets and deteriorating environment, she has… More from Veronica Alexandra's previous loan »
About Banco D-MIROBanco D-MIRO is a microfinance institution that serves the most vulnerable sectors of Ecuador’s economy. It offers very small loan sizes without requiring collateral, expanding access to borrowers who would not otherwise be able to access capital to start and grow their own businesses. It also specifically targets borrowers who are excluded from formal financial systems due to race, ethnicity, gender, disability or illness.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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Success!! The loan was 100% repaid
- Repayment Term
- 16 months (Additional Information)
- Repayment Schedule
- Sep 15, 2011
- Oct 10, 2011
- Currency Exchange Loss:
- Dec 15, 2012
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.